Moody's Praises Thailand as Emerging Market Ready for Global Shocks

MGR Online•Politics•24d ago

Reader Briefing

Moody's identifies Thailand as a prepared emerging market capable of weathering global economic disruptions.

•Moody's Ratings has recognized Thailand as a proactive emerging market, alongside India, Malaysia, Indonesia, and Mexico.
•The agency highlighted Thailand's resilience, strong policy frameworks, stable inflation expectations, and flexible exchange rate as key strengths.
•Previously, on April 21, Moody's upgraded Thailand's outlook from 'Negative' to 'Stable' while affirming its 'Baa1' sovereign credit rating.

Overview

•On May 6, Ekniti Nitithanprapas expressed pleasure regarding a Moody's report.
•Moody's Ratings issued a report identifying Thailand as an emerging market equipped for global economic shocks.
•The report specifically cited Thailand's demonstrated resilience during periods of market tension.
•Thailand's strong policy framework, including a credible Bank of Thailand, contributes to its stability.
•Stable inflation expectations in Thailand foster business and investor confidence in managing external shocks.
•A flexible Thai Baht exchange rate absorbs shocks without necessitating severe fiscal measures.
•Thailand's economy is resilient and adapts to volatility through price adjustments in currency, bonds, and stocks.
•On April 21, Moody's upgraded Thailand's outlook from 'Negative' to 'Stable' and maintained its 'Baa1' rating.

Full article content is available on the original source.

Read on MGR Online (Thai Version)View in Google Translate

Source: MGR Online (Original)

View Original Article

Key Quotes

Ekniti Nitithanprapas

"Pleased after "Moody's Ratings", an international credit rating agency, released its latest report stating that Thailand, India, Malaysia, Indonesia, and Mexico are emerging market countries more prepared than many others to cope with future shocks to the global economy."

ยินดี หลัง “มูดี้ส์ เรทติ้งส์” สถาบันจัดอันดับความเชื่อถือระหว่างประเทศ ออกรายงานฉบับล่าสุด ระบุว่า ไทย อินเดีย มาเลเซีย อินโดนีเซีย และเม็กซิโก เป็นกลุ่มประเทศในตลาดเกิดใหม่ ที่มีความพร้อมมากกว่าหลายประเทศในการรับมือกับภาวะช็อก ของเศรษฐกิจโลกในอนาคต

Key Entities

Person

Ekniti(เอกนิติ)

Deputy Prime Minister and Minister of Finance of Thailand, pleased with Moody's assessment.

Organization

Moody's Ratings(มูดี้ส์ เรทติ้งส์)ℹ️

International credit rating agency that published a report on emerging markets.

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

Central bank of Thailand, noted for its credible monetary policy and stability in managing inflation and interest rates.

Place

Thailand(ไทย)ℹ️

Emerging market recognized by Moody's for its preparedness against global economic shocks.

India(อินเดีย)ℹ️

Emerging market identified by Moody's as prepared for global economic shocks.

Malaysia(มาเลเซีย)ℹ️

Emerging market identified by Moody's as prepared for global economic shocks.

Indonesia(อินโดนีเซีย)ℹ️

Emerging market identified by Moody's as prepared for global economic shocks.

Mexico(เม็กซิโก)ℹ️

Emerging market identified by Moody's as prepared for global economic shocks.

Policy

Baa1

Sovereign credit rating assigned to Thailand by Moody's, indicating a moderate degree of credit risk.